Is alloca instruction allowed within the cycle?

I am running this code in JIT on x86 (32 bit).
It crashes when 'alloca %object' instruction is within the body of the cycle, and it finishes successfully when this instruction is in the beginning of main (outside the cycle). Crash occurs in the middle of the cycle after few hundreds of thousands iterations.

What is wrong? Does alloca inside the cycle forces it to allocate it on stack for every iteration instead of only once?
If this is the case why verify doesn't complain?

Yuri

--- code ---

%object = type { i8, i8, i8}
@str2 = private constant [1 x i8] zeroinitializer

define void @main() {
for.init:
   %i = alloca i32
   store i32 0, i32* %i
   br label %for.end

for.body:
   %obj = alloca %object
   %str = getelementptr inbounds [1 x i8]* @str2, i32 0, i32 0
   call void @obj_constr(%object* noalias sret %obj, i8* %str)
   call void @obj_destr(%object* %obj)
   br label %for.incr

for.incr:
   %incr = load i32* %i
   %incr3 = add i32 %incr,
   store i32 %incr3, i32* %i
   br label %for.end

for.end:
   %iload = load i32* %i
   %xcmp = icmp sge i32 %iload, 100000000
   br i1 %xcmp, label %xend, label %for.body

xend:
   ret void
}

Because that is the meaning of the alloca instruction, allocate more
stack space. It would do the same if you called alloca() in C in a
loop.

The expected way for frontends to implement local variables is to keep
inserting alloca instructions into the entry block as you encounter
new variables. I don't think mem2reg will even work on allocas not in
the entry block.

Reid